Dividend Policy

NZKS targeted dividend payout ratio is 50% of normalised Net Profit After Tax and reflects an ongoing investment required to improve overall fish performance / quality and unlock the full environmental and economic potential from the existing farm consents. We anticipate that any dividends will be fully imputed.

Dividends are declared at the Board’s discretion and will depend on our financial performance. The payment of dividends is not guaranteed, and our dividend policy may change over time. In declaring dividends, New Zealand King Salmon must comply with the solvency test under the Companies Act and the covenants in our banking facilities.